About: Renewable Energy Problems & solutions
Why does solar power cause a problem?
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The current problem with solar energy is balancing the supply and demand known as the duck curve. The surplus of solar during the day risks over generation and the shortage at night requires more expensive power plants to meet the peak consumption. This caused fluctuations in 2018 daily pricing from $15 to $60 dollars per MWh. This duck shaped graph shows California's utilities net load in terms of power demand for non-renewable energy for March 31, from 2012 to 2020, based on analysis by California ISO.
Source: California ISO.
How can batteries be the solution?
Battery storage could offset the challenging supply dynamics of solar power. Over generation can be prevented by storing surplus solar during the day. Then that power can discharge back onto the grid later in the evening when needed during a shortage acting as a Virtual Power Plant (VPP). This battery to grid Transactive Energy Network (TEN) reduces the need for curtailment and expensive capital outlays with scalable non-wires alternative solutions.
What does the WHYGRENE Blockchain do?
WHYGRENE adds value by addressing the challenges of the power industry by creating the CryptoJoule Ⓡ Distributed Energy Exchange (DEE) for Virtual Power Plants. Our application incentivizes customers to balance the load by installing battery storage and participating in demand response programs. Our secure DEE provides real time encrypted DER data with a digital marketplace to continue evolving the smart grid for a stable renewable energy future!
Team
Patrick S. Phelps
Founder & CEO
Physics Degree
Western Washington University
Dr. Mani Vadari
SME Adviser & Board of Directors
Electrical & Computer Engineering
University of Washington affiliate Prof.
Founder of Modern Grid Solutions
Craig Brauff
Business Adviser
MBA Economics
Washington State University
Founder and CEO of Erado
SaaS platforms sold to Zixcorp